FX.co ★ Actual patterns. Technical analysis and trading recommendations

On the chart of the AUDCHF M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.5463, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5473; the lower boundary 0.5463; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.5463 with a possible movements towards the 0.5440 level.

According to the chart of M5, AUDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5460/0.5467 whereas the upper border goes across 0.5474/0.5467. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCHF will breach the upper border to head for 0.5482.

On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5473; the lower boundary 0.5466; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5444 level.

The Double Top reversal pattern has been formed on AUDCHF M30. Characteristics: the upper boundary 0.5467; the lower boundary 0.5451; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 0.5451 with a possible movements towards the 0.5421 level.